Raymond James raised the firm’s price target on PulteGroup (PHM) to $145 from $140 and keeps an Outperform rating on the shares. The company reported “resilient” Q4 results during a challenging period for the industry, and the firm continues to view PulteGroup as a best-in-class homebuilding platform with diversified customer demographics, balanced geographies, and highly disciplined capital allocation, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PHM:
- PulteGroup price target raised to $136 from $128 at Citi
- Neutral on PulteGroup: Solid Fundamentals but Limited Upside Amid Transition to Build-to-Order Model
- PulteGroup Earnings Call: Strong Year, Softer Outlook
- PulteGroup price target raised to $115 from $111 at RBC Capital
- PulteGroup price target raised to $149 from $140 at Oppenheimer